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FTX plans to develop a stablecoin, says CEO Sam Bankman-Fried



CEO of Exchange FTX. Playback/Forbes.

In a recent interview with European media company Web3, The Big Whale, Bankman-Fried hints at the possibility that FTX may soon issue a stablecoin.

“We look forward to doing that because I think, to a certain extent, we thought collaboration on top of that could be really powerful, and with us trying to find the partners that we would be really excited to work with. But I think you will likely hear more about this topic in the not too distant future.”

The FTX CEO also denied speculation that his company is interested in buying Robinhood. FTX has been experiencing a buying spree during the current low in the crypto market.

“There are two ways for a company to grow: either it buys companies or it continues to grow internally. The most important thing is to keep growing, to attract users, however you do it. We could buy a company like Robinhood, but that’s not what we’re looking at right now. Our challenge is to continue to grow organically.”

During the interview, Bankman-Fried also expresses optimism about FTX’s metrics and growth potential.

Know more: FTX launches Visa debit card for Europe, Asia and Latin America

“We have excellent numbers. We make six times as much volume as Coinbase while having 20 times fewer users. When you look at these numbers, you can see that we have a lot of potential.”

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